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Tag Archives: Business Standard

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Iran – haunted by Shah’s ghost

25th Jan 1981, Business StandardBy Chaitanya KalbagJune 3, 2026

From Chaitanya Kalbag TEHRAN, JAN. 24—There was a strong rumour here last week that the Shah is not really dead. Many people swore that they had never seen a photograph of his dead body and pointed out that only his wife and son were shown in pictures of the funeral, along with “co-conspirators” like Anwar Sadat.…

Iran loses out in hostage deal

Business Standard, 22nd Jan 1981By Chaitanya KalbagJune 3, 2026

From Chaitanya Kalbag TEHERAN, JAN. 21—It was clear that the on-off hostage crisis, which finally came to an end a scant half hour before Ronald Reagan’s swearing in as America’s 40th president on Tuesday, had begun to boomerang badly for the Iranians towards the end.  Today, only two bored Pasdaran (Islamic Revolutionary Guards) stood guard outside the…

Iran — westward ho again?

Business Standard, 23rd Jan 1981By Chaitanya KalbagJune 3, 2026

From Chaitanya Kalbag TEHERAN, JAN. 22—“The economy can’t get any worse”, say businessmen in Teheran. But the isolation the Iranians brought upon themselves, most people agree, could have been easily averted. The release of the US hostages may reopen the gates to the West and one country that can lose out as a result is India.  Hardliners…

Iraq’s oil outlets badly crippled, Iran sitting pretty

24th Jan 1981, Business StandardBy Chaitanya KalbagJune 2, 2026

From Chaitanya Kalbag TEHRAN, Jan. 23 — Iranian military plans were always offensive vis-à-vis Iraq. It was not surprising, therefore, that the Iranian Air Force’s first raids on Iraq after the war broke out in late September focused on economically important targets.  The Iraqis, too, have concentrated their attacks on Iranian economic centres — a situation…

Deficit sets alarm bells ringing

5th Feb 2013, Business StandardBy Chaitanya KalbagOctober 25, 20246 Comments

Govt’s fiscal profligacy has made a mockery of the FRBM Act Pranab Mukherjee sounded pleased earlier this week when he told a TV interviewer that India’s projected fiscal deficit of 6.8 per cent of GDP in 2009-10 was still better than the 11 per cent projected in the United States. He did not mention the…

How to apologise without saying sorry

20th Jan 2013, Business StandardBy Chaitanya KalbagOctober 25, 2024Leave a comment

Apologising is never easy. Barack Obama knows this now. He made a non-apology apology last week to a Massachusetts police sergeant two days after saying the officer “acted stupidly” in arresting Harvard professor Henry Louis Gates Jr because he was trying to break into his own house. Obama’s decision to wade into a local issue…

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